Filing Details

Accession Number:
0001209191-11-042382
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-08-03 20:06:30
Reporting Period:
2011-08-01
Filing Date:
2011-08-03
Accepted Time:
2011-08-03 20:06:30
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1262039 Fortinet Inc FTNT Computer Peripheral Equipment, Nec (3577) 770560389
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1218470 A Kenneth Goldman C/O Fortinet, Inc.
1090 Kifer Road
Sunnyvale CA 94086
Vp & Chief Financial Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2011-08-01 22,000 $3.72 22,000 No 4 M Direct
Common Stock Acquisiton 2011-08-01 6,000 $8.43 28,000 No 4 M Direct
Common Stock Disposition 2011-08-01 28,000 $20.18 0 No 4 S Direct
Common Stock Acquisiton 2011-08-01 4,000 $3.74 4,000 No 4 M Indirect See footnote
Common Stock Disposition 2011-08-01 4,000 $21.19 0 No 4 S Indirect See footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 M Direct
No 4 S Direct
No 4 M Indirect See footnote
No 4 S Indirect See footnote
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Employee Stock Option (right to buy) Disposition 2011-08-01 22,000 $0.00 22,000 $3.72
Common Stock Employee Stock Option (right to buy) Disposition 2011-08-01 6,000 $0.00 6,000 $8.43
Common Stock Employee Stock Option (right to buy) Disposition 2011-08-01 4,000 $0.00 4,000 $3.74
Common Stock Employee Stock Option (right to buy) Acquisiton 2011-08-02 50,000 $0.00 50,000 $20.13
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
44,120 2017-09-20 No 4 M Direct
68,000 2017-02-10 No 4 M Direct
76,000 2016-01-28 No 4 M Indirect
50,000 2018-08-02 No 4 A Direct
Footnotes
  1. The sale reported on this Form 4 was effected pursuant to Rule 10b5-1 trading plans adopted by the Reporting Person on August 27, 2010 and February 28, 2011.
  2. The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $19.92 to $20.665 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (5) to this Form 4.
  3. The securities are held directly by G.V. Partners, L.P. for which the Reporting Person serves as the managing member.
  4. The sale reported on this Form 4 was effected pursuant to Rule 10b5-1 trading plan adopted by the Reporting Person on November 22, 2010.
  5. The sale price reported in column 4 of Table I represents the weighted average sale price of the shares sold ranging from $19.96 to $20.665 per share.
  6. One forty-eighth of the shares subject to the option vested on October 20, 2007 and one forty-eighth of the shares shall vest monthly thereafter.
  7. One-fourth of the shares subject to the option vested on February 10, 2011 and one forty-eighth of the shares shall vest monthly thereafter.
  8. One-fourth of the shares subject to the option vested on January 28, 2010 and one forty-eighth of the shares shall vest monthly thereafter.
  9. One-fourth of the shares subject to the option vest on August 2, 2012 and one forty-eighth of the shares shall vest monthly thereafter.